From BI to AI: A Weekly Recap of Data and Analytics
Amalgam Insights is relaunching its weekly summary of important announcements in the data and analytics space. If you would like your announcement to be included in these roundups, please email firstname.lastname@example.org.
Product Launches and Updates
Wednesday, May 5, Alkymi launched Alkymi Patterns, a tool to automate process workflows based on data from tables and text in emails and documents. Users can quickly train Patterns to extract necessary information from unstructured data in their inbox, and automate the demonstrated workflow for the arrival of future emails and documents. Alkymi Patterns is now available for all Alkymi Data Inbox customers.
On Tuesday, May 4, TIBCO announced updates to TIBCO Cloud Integration, its iPaaS (Integration Platform as a Service), including process automation updates and new accelerators. The new features will help customers with logistics and transportation challenges by mitigating the need to develop custom integrations from scratch.
Databricks announced general availability of Databricks on the Google Cloud Platform on Tuesday, May 4. The latest version includes new features such as a Tableau connector to Databricks on GCP, as well as a terraform provider to provision and manage Databricks in GCP along with the associated cloud infrastructure. This announcment is indicative of the increased popularity of multicloud and multi vendor solutions to solve analytic challenges.
Oracle added capabilities to its Analytics Cloud on Monday, May 3, expanding its “self-serve analytics” capacity. Among the new features are “explainable machine learning” (which factors were most important in a given machine learning model predicting a certain outcome), automated data prep, text analytics, “affinity analysis” (identifying sets of items that often go together), graph analytics, custom map analytics, the ability to query using natural language, and a new mobile app.
On Monday, May 3, SAS announced the addition of two new data management solutions to its Viya platform, both available now. The first, SAS Studio Analyst, provides a more visually oriented IDE to enable end users to more quickly add data quality and data prep steps to their data workflow. The second, SAS Information Governance, integrates metadata search capabilities and a data catalog into Viya, allowing data professionals to find and manage their data resources more easily.
On April 28, Anaconda and HP announced a “deepened collaboration” to support the data science community. Anaconda is now fully integrated into the Z by HP for Data Science product line as part of the pre-loaded software stack. By automatically including Anaconda’s curated repositories, Z by HP for Data Science users will be able to spend less time on Anaconda package management and environment configuration.
On April 27, Red Hat added new managed cloud services to its portfolio. Among these new services is Red Hat OpenShift Data Science, based on Open Data Hub. This service provides for faster development, training, and testing of machine learning models without the typical infrastructure demands. OpenShift Data Science is currently available in beta, as an add-on to OpenShift Dedicated and to Red Hat OpenShift Service on AWS; general availability is expected later this year. Red Hat’s offering is important because of its position as a leading Open Source development platform. By combining its existing software development platform capabilities with a data science platform, Red Hat provides a one-stop shop for developing machine learning-based applications.
Pecan.ai, a predictive analytics startup, announced a $35M Series B round Thursday, led by GGV Capital. Pecan.ai is a no-code platform that pits neural networks against each other to determine the most evolved and accurate neural network for any given prediction.
StarTree, a real-time cloud analytics platform, announced a $24M Series A round of funding. Bain Capital Ventures and GGV Capital (spreading the wealth) led the round, with participation from existing investor CRV. StarTree, based on Apache Pinot OLAP, is designed to let users access their data more quickly and easily. With this funding, StarTree is expected to seek business from companies needing to provide analytics to large customer bases in real time.
Timescale raised a $40M Series B funding round Thursday, May 6. Redpoint Ventures led this round of funding, and all existing investors participated. The funds will be used to enhance its product suite, including new features to manage large-scale product deployments and enhancing visibility for developers of its time-series relational database.
Tellius raised an $8M Series A funding round on April 27. Sands Capital Ventures led the funding round, with participation from Grotech Ventures. The funds will be used to further enhance its decision intelligence solution, with the goal of helping customers make more data-driven decisions more easily.
n8n announced a $12M Series A funding round on April 26. Sequoia Capital, firstminute Capital, and Harpoon Ventures participated in the round led by Felicis Ventures. n8n seeks to provide a “fair code” environment for developing applications in a no-code environment, and to grow a community of citizen developers. n8n intends to use the funds to expand hiring in engineering, developer relations, sales, and marketing, as well as investing in its workflow automation tool.
Francisco Partners and TPG will acquire Boomi from Dell Technologies for $4B. Boomi provides cloud-based integration platform as a service (IPaaS) services. Francisco Partners has a history of investing in data companies, such as Lucidworks and Redis Labs, while prior TPG data and AI company investments include C3.ai and Domo.
On May 11-12, DataRobot will hold their 2021 AI Experience Worldwide event online. Broad themes include the new era of democratized AI, and why trust in AI is a requirement. To register for this event, please visit AI Experience Worldwide.
On May 25-26, TIBCO will hold the TIBCO Analytics Forum. The event will focus on recent innovations in data management, data science, and visual and streaming analytics. To register for this event, please visit the TIBCO Analytics Forum.